Bananas Smoothies & Frozen Yogurt offers smoothies, frozen yogurt, and healthy food options in a casual dining atmosphere. The franchise emphasizes fresh and nutritious menu items.
Key Insights
- Bananas Smoothies & Frozen Yogurt began with a vision to offer refreshing, customizable fruit-based beverages and creamy frozen yogurt treats, growing from its initial concept into a recognized name in the casual dining sector. The business model focuses on fresh ingredients and a welcoming customer experience.
- The franchise operates with a straightforward model centered on providing quick-service, high-quality smoothies and frozen yogurt. Store operations emphasize efficient preparation, inventory management, and customer interaction, designed for scalability and consistent product delivery across locations.
- The industry in which Bananas Smoothies & Frozen Yogurt operates is characterized by consumer demand for healthy alternatives and convenient indulgence. This sector benefits from trends favoring fresh ingredients, customizable options, and quick-service dining experiences.
Franchise Fee and Costs to Open
Exploring the financial picture of Bananas Smoothies & Frozen Yogurt gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $224,500 - $457,000, along with a franchise fee of $22,000 - $22,000.
Financial Performance and Revenue
Yearly gross sales of $702,156 and estimated earnings of $84,259 - $105,324 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.1-6.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Bananas Smoothies & Frozen Yogurt provides comprehensive training for new franchisees. This initial training, lasting two weeks, takes place at the franchisor's corporate location. Franchisees also gain access to a suite of operational resources. Bananas Smoothies & Frozen Yogurt offers ongoing support and a library of best practices to aid in store launch and operation.
Legal Considerations
Legal considerations for a Bananas Smoothies & Frozen Yogurt franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might encounter competition from established local eateries offering similar treats. The daily operations require careful inventory management and staffing to ensure product freshness and efficient service. Furthermore, a dependable supply of fruits and yogurt is critical, necessitating robust relationships with vendors to maintain consistent quality and availability.
Franchise Datasheet
FAQs
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